A classic textbook example of Abandoned Baby setup could be seen in PLTR.
Technical Analysis:
- Price is currently on a support area
- A candle has pierced through the lower bollinger band with a bullish confirmation candle on the following day
- Stochastic entered the oversold zone have started to reverse
- Strong sign of momentum via relative...
Fundamentally good companies are down since last week and many are fearing of the dip in the market.
If you are holding on a good company, you will have nothing to worry about.
I have written my thoughts in the chart :)
NASDAQ:GOOG " FANG " its way up!
Needless to discuss about the fundamental of the company.
- Prices have been supported by the previous high during September 2020 (classic pattern of resistant turning support)
- Meanwhile, the Lows of the price structure are clearly supported by the 50EMA.
- A strong reversal candle has been formed.
The current setup has...
SWKS Strong Upside Momentum
Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.
Technical Analysis:
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via...
NASDAQ:PEP
Purely from Techincal Analysis point-of-view shows a positive setup for PEPSICO:
+ Bullish engulfing candle
+ Prices rejected on 200EMA
+ Stochastic on an oversold area
Area of concern:
- Prices around $147.50 zone have a strong resistance formed
No TP is set for this setup because I believe if the prices are able to break through the previous...
Bounce setup for MSFT
"Technology" sector and "Software - Infrastructure" industry is currently on a strong uptrend.
Historical prices of Microsoftfavors the 100 Moving aAverage. A bullish bounce can be expected
Technical Analysis:
- Multiple price rejection are spotted on 100EMA historically
- The oscillator stochastic is currently oversold with the price...
Short term bounce for NVRO
Healthcare sector and Medical device industry had been positively impacted by the pandemic.
A short term bounce can be expected.
Technical Analysis:
- A candle pierced the Lower Bollinger band, meanwhile being rejected by 50EMA
- The pin bar is resting on the 61.8 Fibbonacchi in conjuncture with the price rejection
- Price action...
Strong bullish momentum for NASDAQ:AMD
Currently, the price is sitting on previous support with the Fibonacci Retracement of 50%.
Prices also seem to be bouncing off the 100EMA.
If prices doesn't break below the 3 critical area mentioned, most likely prices will regain momentum and go for the upside.
- Stochastic is undersold
- Strong bullish Relative...
Potential upside momentum for NYSE:RAMP
This trade came on my radar with all the indicators align with my criteria for an entry.
However, we do have to take note of the recent sell-off that happened last week. Hence, I will monitor this trade closely with a trailing stoploss.
In recent, "Technology" sector & "Information Technology" industry has been...
Prices are unsettling these few days due to the results of USA presidential election which was just over
With current TA prices are moving erratically due to many uncertainties
Prices also tested the previous high resistance and "knocked" back down strongly
In this situation, it would be best to observe the price movement for the next few days and avoid taking trades
Potential Long for CAT
- Bouncing off 50EMA & currently oversold
- Bullish Engulfing pattern was formed with a confirmation candle
- Sitting on a support formed by previous high resistance
- Upcoming presidential election may have some impacts on the Infrastructure stocks
Overall the momentum of the "industrials" sector has been on an uptrend since May.
But do...
